Great Lakes Advisors LLC boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 76.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,159 shares of the company’s stock after acquiring an additional 193,061 shares during the period. Great Lakes Advisors LLC’s holdings in Hasbro were worth $38,018,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Hasbro by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock valued at $241,773,000 after acquiring an additional 701,535 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Hasbro by 7.3% during the 3rd quarter. Legal & General Group Plc now owns 680,345 shares of the company’s stock valued at $71,531,000 after acquiring an additional 46,168 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Hasbro by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock valued at $1,384,826,000 after acquiring an additional 368,897 shares in the last quarter. BTIM Corp. lifted its holdings in shares of Hasbro by 28.6% during the 4th quarter. BTIM Corp. now owns 35,114 shares of the company’s stock valued at $2,853,000 after acquiring an additional 7,800 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Hasbro by 14.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 28,355 shares of the company’s stock valued at $2,304,000 after acquiring an additional 3,595 shares in the last quarter. Institutional investors and hedge funds own 90.27% of the company’s stock.
Several equities analysts recently weighed in on HAS shares. Zacks Investment Research upgraded shares of Hasbro from a “strong sell” rating to a “hold” rating in a report on Saturday, April 13th. BidaskClub lowered shares of Hasbro from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. ValuEngine upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. KeyCorp set a $110.00 target price on shares of Hasbro and gave the company a “buy” rating in a report on Wednesday, February 20th. Finally, Stifel Nicolaus lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $106.07.
In other news, EVP Thomas J. Jr. Courtney sold 3,687 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $105.00, for a total value of $387,135.00. Following the completion of the sale, the executive vice president now owns 20,795 shares of the company’s stock, valued at approximately $2,183,475. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tarrant L. Sibley sold 4,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $102.20, for a total transaction of $408,800.00. Following the completion of the sale, the senior vice president now directly owns 21,703 shares of the company’s stock, valued at approximately $2,218,046.60. The disclosure for this sale can be found here. Insiders sold a total of 346,056 shares of company stock valued at $35,488,019 in the last three months. Insiders own 9.30% of the company’s stock.
Hasbro stock opened at $97.15 on Friday. Hasbro, Inc. has a 12-month low of $76.84 and a 12-month high of $109.60. The firm has a market cap of $12.23 billion, a P/E ratio of 25.23, a PEG ratio of 2.01 and a beta of 0.98. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.29. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The firm had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that Hasbro, Inc. will post 4.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, July 31st. Hasbro’s payout ratio is currently 70.65%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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